Latest News
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Can EPC Upgrades Boost a House’s Value?
The government wants people to increase the EPC rating of their houses. It’s good for the environment, but does it also improve a house’s value? What’s an EPC? EPC stands for Energy Performance Certificate. It’s like a report card for your house that shows how energy efficient it is, ranging from A (very efficient) to…
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“AirBNB Bust” – Will it Spread to the UK?
AirBNB owners are increasingly reporting problems with fewer people interested in hiring their properties – is the problem spreading to the UK? In simple terms, think of the Airbnb market like an ice cream shop. While the shop (Airbnb as a company) might be making plenty of sales, not every flavor (property) will be a…
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A High-Yielding REIT
Investors Chronicle is highlighting Palace Capital, a high-yielding UK REIT which it says is currently trading at a discount. Overview Detailed Breakdown: Summary In simple terms, Palace Capital is making clever moves in selling properties, reducing debt, and buying back shares. This is good news for shareholders as their investment in the company is becoming…
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NatWest and Virgin Money Cut Mortgage Rates
Both NatWest and Virgin Money have joined the ranks of lenders reducing their mortgage interest rates. Are we seeing a price war among the banks? What’s happening? Who’s involved? Why is this happening? What do the experts say? Big Picture If you were thinking about buying a house or changing your mortgage, now might be…
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Persimmon – Housebuilder Says it Will Hit Targets
The housebuilding company Persimmon saw its shares rise after it announced it expects to hit the targets it set for this year, despite a tough market. Their share price added 25p, making it worth 1148.5p per share. Homes & Prices What’s the company leader saying? Dean Finch, the chief exec of Persimmon, says there aren’t…
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The Challenges of EPC Upgrades for Landlords
The push to get UK landlords to upgrade their properties to improve energy-efficiency (EPC ratings) is not going as well as hoped, the Financial Times reports. Situation Summary With potential changes in regulations and the uncertainty surrounding them, both landlords and tenants find themselves in a tricky situation. Being informed and prepared is crucial for…
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Buy-to-let arrears see dramatic 28% rise
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Landlord Mortgage Problems Rising
The number of landlords falling into arrears on their mortgage payments has doubled in the last year, according to figures from UK Finance. Summary A combination of rising interest rates and other economic factors is making it harder for landlords and homeowners to pay their mortgages on time. While the percentage of those affected is…
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Savills Profits Down
Property advisers and estate agents Savills are reporting a drop in their profits. Background In a Nutshell The property market, especially in China, is recovering slower than expected, mainly due to higher interest rates. This has affected Savills’ earnings, but the company remains optimistic about the future. If you’re considering investing, it’s essential to keep…
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WeWork Struggles to Stay Afloat
Coworking startup WeWork is facing problems and has “substantial doubt” over whether it can keep going. The Big PictureWeWork, once a superstar in the office rental business, with a valuation of a whopping $47 billion, is currently facing serious financial challenges. They’ve openly expressed doubts about their ability to keep the business running because of…